Small companies that take the plunge into global business can extend their products' life cycles, raise their quality levels, and increase sales and profits.

Question

Quizplus · Accepted Answer

Small companies can benefit from expanding globally by increasing their customer base and accessing new markets, which can help extend the life cycles of their products. Additionally, by facing competition from international markets, small companies may be motivated to improve the quality of their products and processes, leading to increased sales and profits.

Small Companies That Take the Plunge into Global Business Can